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Asphalt Mixing Plants Market Size By Process (Batch, Continuous [Counter, Parallel]), By Product (Portable, Stationary), By Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H), By Application (Road Construction), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023-2032

  • Report ID: GMI1998
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Asphalt Mixing Plants Market size surpassed USD 6 billion in 2022 and is anticipated to register 3% CAGR from 2023 to 2032, driven by the increasing road construction projects.
 

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The construction sector boom in wake of the COVID-19 pandemic, especially across developing economies, is positively impacting the asphalt mixing plants market outlook. Increasing urban population is creating a strong demand for enhanced road facilities and infrastructure such as housing, dams, reservoirs, bridges, and flyovers among others, fostering industry growth. Rising use of high-quality construction materials, green cement, and other construction chemicals is further stimulating the construction business, creating novel development opportunities.
 

Toxic emissions during asphalt mixing may constrain industry progress

Toxic emissions, both inorganic and organic, that are created during the asphalt mixing process are likely to hinder market growth. With many world governments introducing strict environmental norms, the industry stance is being notably constrained. Meanwhile, the high maintenance and operating costs associated with asphalt mixing plant are further creating challenges. These plants also need a large area and entail a high initial cost, which limits the scale of player’s initiatives and operations.
 

Low running costs to impel batch process segment growth

The asphalt mixing plants market from batch process segment is expected to reach USD 6.5 billion by 2032. The low running costs associated with the process, in addition to the low-price of the spare parts is augmenting the sector. The batch process holds the highest revenue share as it is making asphalt highly desirable, which is majorly used in road construction as well as other civil construction projects.
 

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Strong investments in road construction application from APAC nations

The road construction industry is slated to value at USD 7.5 billion by 2032, fueled by heavy investments towards road construction projects by Asia Pacific countries. This can also be attributed to their extensive use for soil and rock construction purposes and waterproofing applications. Holding an overall market share of 80%, the road construction segment leads the global industry landscape.

 

Better consistency and mix quality to foster stationary product type

The stationary asphalt mixing plants type poised to witness 3% growth during 2023 to 2032. The demand is primarily being powered by growing number of new and ongoing large-scale construction projects worldwide. These projects generate an immense surge for large-scale production of asphalt aggregates. Stationary plants can churn out large asphalt mix volumes while ensuring high consistency and a better mix quality. Their efficiency and ability to yield more material makes them suitable for commercial construction projects.
 

Higher flexibility and efficiency to garner 151-300T/H capacity mixing plants

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The 151-300T/H asphalt mixing plants market is expected to cross a  valuation of USD 3.5 billion by 2032, owing to its ability to overcome a majority of the issues associated with urban areas, particularly environmental concerns and the need to make different mix types. They also offer a multitude of capacities and configurations, while having an appearance that is similar to a typical commercial building, allowing them to effortlessly fit into most urban locations. They can also be equipped with cold & hot recycling which is encapsulated to reduce dust emissions and noise levels.
 

Rising infrastructure investments in North America

The North America market for asphalt mixing plants is set to attain 2.5% gains through 2032, due to the large-scale infrastructure initiatives. In the U.S. alone, annual public sector investments towards highways, bridges and street construction range at about USD 80 billion. Moreover, around 85% of the country’s airport runways are also surfaced with asphalt, presenting substantial industry progress. Numerous ongoing infrastructure initiatives such as Investing in Canada Plan and USA’s Build Back Better Framework are further ensuring steady regional growth.
 

Mergers and acquisitions to define the competitive landscape

Some asphalt mixing plants industry participants include Speco Limited, Ammann Group Holding AG, Nikko Co., Ltd., Lintec & Linnhoff Germany GmbH, GP Gunter Papenburg AG, Astec Industries, Inc., Benninghoven GmbH & Co., KG, Marini S.p.A, among others. Many of them are lately making deals to improve their capabilities and consolidate their footing in the industry.
 

Impact of COVID-19 on the asphalt mixing plants market trends

The COVID-19 pandemic had a negative impact on the business scenario because of delayed construction projects globally. Also, the industry was put to slumber due to the postponement of major bridge and roadway development ventures. A halt in the supply chain and labor scarcity also adversely affected the sector. However, through the introduction of numerous infrastructure development initiatives, unveiled by world governments to kickstart their economies, the marketplace is slated to chart a quick path towards its recovery and growth in coming years.
 

This market research report on asphalt mixing plants includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

Market, By Process

  • Batch
  • Continuous
    • Counter
    • Parallel

Market, By Application

  • Road construction
  • Others

Market, By Product

  • Portable
  • Stationary

Market, By Capacity

  • Below 50T/H
  • 50-150T/H
  • 151-300T/H
  • Above 300T/H

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australasia
      • Australia
      • New Zealand
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Thailand
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Middle East
      • GCC
    • Africa
      • South Africa

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of asphalt mixing plants exceeded USD 6 billion in 2022 and is expected to witness 3% CAGR from 2023 to 2032.
The 151-300T/H asphalt mixing plants industry size will hit USD 3.5 billion by 2032, owing to its ability to overcome issues related urban areas, especially environmental concerns and the low level of dust emissions along with noise pollution created by these plants.
The North America asphalt mixing plants industry is set to observe 2.5% growth from 2023 to 2032, fueled by the presence of numerous large scale infrastructure development projects in the region.
Major players in the asphalt mixing plants competitive landscape are Speco Limited, Ammann Group Holding AG, Nikko Co., Ltd., Lintec & Linnhoff Germany GmbH, Astec Industries, Inc., GP Gunter Papenburg AG, Benninghoven GmbH & Co., KG, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 408
  • Countries covered: 19
  • Pages: 481
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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